US-Iran Talks Hit Snag, Oil Prices Rise; India to Re-implement Work-From-Home Policy
Following the breakdown of US-Iran talks, which led to heightened tensions in the Middle East and a surge in international crude oil prices, Indian Prime Minister Narendra Modi urged citizens to re-implement work-from-home policies and reduce non-essential overseas travel to minimize the impact on the domestic economy.
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- 📰 Published: May 11, 2026 at 16:11
- 🔍 Collected: May 11, 2026 at 16:32 (21 min after Published)
- 🤖 AI Analyzed: May 11, 2026 at 17:48 (1h 15m after Collected)
US-Iran War Key News
Central News Agency
(Central News Agency reporter Li Chin-wei, New Delhi, 11th) With US and Iran talks hitting a snag, escalating Middle East tensions have caused international crude oil prices to soar. To cope with the potential impact, Indian Prime Minister Narendra Modi stated that the country will re-implement its work-from-home policy and called for a reduction in non-essential overseas travel.
Oil prices rose sharply after opening today, as US President Trump rejected Tehran's response to Washington's peace proposal, and Iran once again threatened violent action in the Strait of Hormuz.
On the 11th, London Brent crude for July delivery rose 2.69% to US$104.01 per barrel. New York Mercantile Exchange West Texas Intermediate (WTI) crude for June delivery rose 2.54% to US$97.84 per barrel.
Hindustan Times reported today that Modi said at an event: "During the COVID-19 (2019 novel coronavirus disease) pandemic, we adopted work-from-home, online meetings, video conferencing, and developed many similar systems, and we gradually got used to these methods. Now it's time to restart those practices, because it is in the national interest, and we must prioritize those methods again."
India Today reported that due to escalating tensions in the Middle East, maritime traffic around the Strait of Hormuz has been disrupted, and global crude oil prices have continuously risen from nearly US$70 (approximately NT$2197) per barrel, at one point soaring to approximately US$126 (approximately NT$3956) per barrel. Fuel prices in various countries have also repeatedly hit new highs, and the impact on Indian citizens may change in the coming days.
Although Modi did not directly announce an increase in India's oil prices, he repeatedly emphasized the need to reduce consumption of gasoline and diesel, stating that India is facing economic pressure from rising global energy costs. He said: "Gasoline and diesel have become very expensive all over the world, and each of us has a responsibility to reduce India's foreign exchange expenditure on purchasing gasoline and diesel by saving their usage."
India Today TV reported that sources indicated that soaring crude oil prices have led to huge losses for related companies, and the prices of gasoline and diesel may be adjusted upwards before the 15th.
Sources pointed out that to reduce the impact of fuel supply shortages on the public, the Indian government and companies are absorbing the costs arising from rising gasoline and diesel prices. Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd., and Hindustan Petroleum Corporation Ltd. are therefore incurring combined monthly losses of nearly 300 billion rupees (approximately NT$99 billion).
Modi also called on the public to conserve cooking oil and urged farmers to reduce their reliance on imported chemical fertilizers to reduce foreign exchange expenditure.
Modi said: "If every family can reduce their use of cooking oil, it will improve the national finances and the health of every family member; in addition, we should halve the use of imported chemical fertilizers, which will reduce foreign exchange and protect our farmland and the planet."
Due to the Middle East war causing energy supply shortages, countries like Bangladesh have implemented fuel rationing to cope with the crisis. India has not yet experienced fuel shortages or long queues at gas stations to fill up.
India's policies to alleviate fuel supply shortages include increasing daily liquefied petroleum gas production from 36,000 tons to 54,000 tons, diversifying import sources by buying crude oil from Russia, the United States, West Africa, and lowering consumption taxes to ease the impact of rising international prices on consumers. (Editor: Tang Pei-chun) 1150511
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Central News Agency
(Central News Agency reporter Li Chin-wei, New Delhi, 11th) With US and Iran talks hitting a snag, escalating Middle East tensions have caused international crude oil prices to soar. To cope with the potential impact, Indian Prime Minister Narendra Modi stated that the country will re-implement its work-from-home policy and called for a reduction in non-essential overseas travel.
Oil prices rose sharply after opening today, as US President Trump rejected Tehran's response to Washington's peace proposal, and Iran once again threatened violent action in the Strait of Hormuz.
On the 11th, London Brent crude for July delivery rose 2.69% to US$104.01 per barrel. New York Mercantile Exchange West Texas Intermediate (WTI) crude for June delivery rose 2.54% to US$97.84 per barrel.
Hindustan Times reported today that Modi said at an event: "During the COVID-19 (2019 novel coronavirus disease) pandemic, we adopted work-from-home, online meetings, video conferencing, and developed many similar systems, and we gradually got used to these methods. Now it's time to restart those practices, because it is in the national interest, and we must prioritize those methods again."
India Today reported that due to escalating tensions in the Middle East, maritime traffic around the Strait of Hormuz has been disrupted, and global crude oil prices have continuously risen from nearly US$70 (approximately NT$2197) per barrel, at one point soaring to approximately US$126 (approximately NT$3956) per barrel. Fuel prices in various countries have also repeatedly hit new highs, and the impact on Indian citizens may change in the coming days.
Although Modi did not directly announce an increase in India's oil prices, he repeatedly emphasized the need to reduce consumption of gasoline and diesel, stating that India is facing economic pressure from rising global energy costs. He said: "Gasoline and diesel have become very expensive all over the world, and each of us has a responsibility to reduce India's foreign exchange expenditure on purchasing gasoline and diesel by saving their usage."
India Today TV reported that sources indicated that soaring crude oil prices have led to huge losses for related companies, and the prices of gasoline and diesel may be adjusted upwards before the 15th.
Sources pointed out that to reduce the impact of fuel supply shortages on the public, the Indian government and companies are absorbing the costs arising from rising gasoline and diesel prices. Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd., and Hindustan Petroleum Corporation Ltd. are therefore incurring combined monthly losses of nearly 300 billion rupees (approximately NT$99 billion).
Modi also called on the public to conserve cooking oil and urged farmers to reduce their reliance on imported chemical fertilizers to reduce foreign exchange expenditure.
Modi said: "If every family can reduce their use of cooking oil, it will improve the national finances and the health of every family member; in addition, we should halve the use of imported chemical fertilizers, which will reduce foreign exchange and protect our farmland and the planet."
Due to the Middle East war causing energy supply shortages, countries like Bangladesh have implemented fuel rationing to cope with the crisis. India has not yet experienced fuel shortages or long queues at gas stations to fill up.
India's policies to alleviate fuel supply shortages include increasing daily liquefied petroleum gas production from 36,000 tons to 54,000 tons, diversifying import sources by buying crude oil from Russia, the United States, West Africa, and lowering consumption taxes to ease the impact of rising international prices on consumers. (Editor: Tang Pei-chun) 1150511
Choose to stand with facts, every sponsorship is a force to protect press freedom.
Download the Central News Agency 'First-hand News' APP to get the latest news in real time.
Text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.